Steel Authority of India Ltd (SAIL) held an auction for 4,800 t of basic grade pig iron (in 48 units) on 3 Dec’21 from the Rourkela Steel Plant (RSP) in Odisha. Due to the higher base price set by the company, buyers booked around 43% of the total material on offer – equivalent to 2,100 t – at a weighted average price of INR 36,450/t exw.
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